Toms, the company that donates a pair of shoes to a child in need for every pair it sells, agreed to sell a 50 percent stake to private-equity firm Bain Capital LLC.

The investment values the shoemaker at about $625 million, including debt, according to a person familiar with the situation, who asked not to be named because financial terms of the deal weren’t publicly disclosed. Blake Mycoskie, who founded Toms, will retain a 50 percent stake, the companies said Wednesday in a statement.

Mycoskie founded Toms after traveling to Argentina in 2006 and finding that many of the children in the village he was visiting had no shoes. The company, based in Los Angeles, said it has given away more than 25 million pairs of new shoes to children since its founding in 2006, and its eyewear division has helped save or restore the sight of more than 250,000 people.

“This partnership will enable Toms to grow faster and give to more people in more ways than we could otherwise,” Mycoskie said in the statement.

The founder also said he would give away at least half of his profit from the sale by starting a fund to support social entrepreneurship and other causes he and his wife back.

Bain, which is based in Boston and has more than $75 billion of assets under management, will match his investment in the fund.

Doug Piwinski, a spokesman for Toms, didn’t immediately respond to a request for comment. Alex Stanton, a spokesman for Bain at Stanton Public Relations & Marketing, declined to comment.

Earlier this year, Laurent Potdevin left his position as Toms’ president to become CEO of Lululemon Athletica Inc.

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